- Associated Press - Thursday, January 22, 2015

SOUTH KINGSTOWN, R.I. (AP) - A Rhode Island judge has ruled against a financial company that’s been trying to get the Narragansett Indians to repay $10 million the company says it loaned the tribe for one of its failed bids to open a casino.

The Providence Journal reports (https://bit.ly/1CjIJFr ) that Superior Court Judge Melanie Wilk Thunberg ruled Tuesday against Phoenix-based Capital Gaming International LLC.

The company says it spent $10 million in the 1990s to help the Narragansetts open a casino and the tribe agreed in 2001 to reimburse the company, if the tribe was able to open a casino or similar facility.

Capital Gaming says when the Narragansetts began receiving some proceeds from the Twin River Casino’s video lottery terminals in 2007, it triggered the repayment of the $10 million. The judge disagreed.


Information from: The Providence Journal, https://www.providencejournal.com

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